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Autostop v2
Autostop v2 scans an unlimited number of trades and sets stops with preset values to those that lack the stop you have allowed the EA to monitor. For pending orders, they will be modified once they open.
Autostop2.mq4 3.72 kb, 30 downloads since 2014-09-29
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Hello mohsin.raza553, It's great to hear that you're enjoying the "Autostop v2" EA!
Let me explain a bit more about what this EA does and how it works for everyone's benefit.
Autostop v2 helps you manage your trades.
Here's what it does:
+It keeps an eye on an unlimited number of trades you have open.
+If any of these trades don't have a stop-loss set (which is a protective level to limit potential losses), the EA steps in.
+Autostop v2 then sets stops with preset values for those trades that lack them. This helps protect your account from big losses in case the market moves against you.
+It's not just for existing trades; for pending orders (orders that are set but haven't yet been executed), the EA will make sure to add a stop once they become live trades.
So, in a nutshell, Autostop v2 is like your safety net, making sure that all your trades have a stop-loss in place to protect your capital.
If you have any more insights or experiences to share about using this EA, please feel free to let us know.
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